DeVry will refund $100 million to students to settle FTC lawsuit

For-profit colleges explained

For-profit colleges explained

DeVry University will pay $ 100 million to settle a lawsuit that alleged its ads misled prospective students, the Federal Trade Commission said Thursday.

The money will go back to tens of thousands of students that attended DeVry between 2008 and 2015. Some will be reimbursed with cash and others will receive debt relief.

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